GDMT IMMO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GDMT IMMO
Largest movements
- Stocks and contracts +€558,685
up €558,685 (+191.2%), from €292,226 to €850,911
- Cash +€111,845
up €111,845 (+160.4%), from €69,728 to €181,573
mainly Debts after one year (+€668,893) and Depreciation (+€26,841)
- Tangible fixed assets -€26,841
down €26,841 (-4.3%), from €619,685 to €592,843
- Debts after one year +€668,893
up €668,893 (+90.1%), from €742,221 to €1.4m
of which Financial debts: +€668,893
- Financial charges +€20,583
up €20,583 (+148.6%), from €13,852 to €34,434
- Gross operating margin +€6,821
up €6,821 (+13.1%), from €52,128 to €58,949
- Other operating charges -€1,764
down €1,764 (-20.5%), from €8,583 to €6,820
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,009,517 | €1,664,585 | +€655,068 | +64.9% |
| Fixed assets | 21/28 | €619,685 | €593,843 | -€25,841 | -4.2% |
| Tangible fixed assets | 22/27 | €619,685 | €592,843 | -€26,841 | -4.3% |
| Land and buildings | 22 | €619,685 | €592,843 | -€26,841 | -4.3% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €389,832 | €1,070,742 | +€680,910 | +174.7% |
| Stocks and contracts in progress | 3 | €292,226 | €850,911 | +€558,685 | +191.2% |
| Stocks | 30/36 | €292,226 | €850,911 | +€558,685 | +191.2% |
| Amounts receivable within one year | 40/41 | €4,434 | €7,166 | +€2,732 | +61.6% |
| Other amounts receivable | 41 | €4,434 | €7,166 | +€2,732 | +61.6% |
| Current investments | 50/53 | €23,445 | €23,445 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €69,728 | €181,573 | +€111,845 | +160.4% |
| Deferred charges and accrued income | 490/1 | - | €7,647 | +€7,647 | |
| Total equity and liabilities | 10/49 | €1,009,517 | €1,664,585 | +€655,068 | +64.9% |
| Equity | 10/15 | -€54,892 | -€64,039 | -€9,147 | -16.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,892 | -€84,039 | -€9,147 | -12.2% |
| Amounts payable | 17/49 | €1,064,409 | €1,728,624 | +€664,215 | +62.4% |
| Amounts payable after more than one year | 17 | €742,221 | €1,411,115 | +€668,893 | +90.1% |
| Financial debts | 170/4 | €738,821 | €1,407,715 | +€668,893 | +90.5% |
| Other amounts payable | 178/9 | €3,400 | €3,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €319,663 | €314,941 | -€4,722 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €30,584 | €31,107 | +€523 | +1.7% |
| Trade debts | 44 | €4,447 | €2,642 | -€1,806 | -40.6% |
| Suppliers | 440/4 | €4,447 | - | -€4,447 | |
| Bills of exchange payable | 441 | - | €2,642 | +€2,642 | |
| Taxes, remuneration and social security | 45 | €3,731 | €292 | -€3,439 | -92.2% |
| Taxes | 450/3 | €3,731 | €292 | -€3,439 | -92.2% |
| Other amounts payable | 47/48 | €280,900 | €280,900 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,525 | €2,569 | +€43 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,841 | €26,841 | = | 0.0% |
| Other operating charges | 640/8 | €8,583 | €6,820 | -€1,764 | -20.5% |
| Gross operating margin | 9900 | €52,128 | €58,949 | +€6,821 | +13.1% |
| Operating profit (loss) | 9901 | €16,703 | €25,288 | +€8,584 | +51.4% |
| Financial charges | 65/66B | €13,852 | €34,434 | +€20,583 | +148.6% |
| Recurring financial charges | 65 | €13,852 | €34,434 | +€20,583 | +148.6% |
| Profit (loss) for the period before taxes | 9903 | €2,852 | -€9,147 | -€11,998 | |
| Profit (loss) for the period | 9904 | €2,852 | -€9,147 | -€11,998 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,852 | -€9,147 | -€11,998 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.